Short Interest in FirstRand Limited (OTCMKTS:FANDF) Rises By 32.4%

FirstRand Limited (OTCMKTS:FANDF) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 23,543 shares, a growth of 32.4% from the February 12th total of 17,786 shares. Based on an average daily volume of 275 shares, the short-interest ratio is currently 85.6 days. Based on an average daily volume of 275 shares, the short-interest ratio is currently 85.6 days.

FirstRand Stock Down 8.2%

Shares of FirstRand stock opened at $5.23 on Monday. FirstRand has a 12 month low of $3.38 and a 12 month high of $6.01. The business has a fifty day simple moving average of $5.73 and a 200-day simple moving average of $5.08.

About FirstRand

FirstRand Limited is a South African financial services group headquartered in Johannesburg. Established in 1998 through the consolidation of First National Bank of South Africa and Rand Merchant Bank, the company has grown into one of the continent’s leading providers of banking and financial products. FirstRand operates a diversified financial-services platform that spans retail, commercial and corporate banking.

The group’s main operating divisions include First National Bank (FNB), which offers personal and small-business banking; Rand Merchant Bank (RMB), specializing in corporate and investment banking; WesBank, a provider of vehicle and asset finance; and Ashburton Investments, which delivers asset management and tailored investment solutions.